Homebuilder D.R. Horton's profit drops 8.5 pct [Reuters (UK)]

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Homebuilder D.R. Horton's profit drops 8.5 percent | Reuters Reuters Staff 1 Min Read (Reuters) - D.R. Horton Inc ( DHI.N ) reported an 8.5 percent drop in first-quarter profit on Wednesday as the No.1 U.S. homebuilder took a charge of $108.7 million due to changes in the tax law. Net income attributable to the company fell to $189.3 million, or 49 cents per share, in the quarter ended Dec. 31, from $206.9 million, or 55 cents per share, a year earlier. Revenue rose 14.8 percent to $3.33 billion. Reporting by Arunima Banerjee in Bengaluru; Editing by Arun Koyyur All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. ÂŠ 2018 Reuters. All Rights Reserved.[Read more]

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